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San Carlos Real Estate September 11, 2017

The San Carlos Real Estate Week in Review: 9/11/2017.

by Chuck Gillooley

There are some days (not many) on this site where I look like a genius.  Last week was one of those days, when I predicted that the fall market would turn out to be very active right after Labor Day weekend. By the end of last week, no fewer than 9 new listings hit the market in San Carlos, which is very likely the highest one week total all year. But even with that uncharacteristic surge in new listings, the inventory of homes for sale in San Carlos is still only at 12!  That tells you how unbelievably depleted our inventory has been for so long.

The buyer population responded very well to this sudden increase in inventory.  Open houses were packed this weekend, even despite the hot weather and the opening weekend for soccer. Even though this uptick in inventory will provide some help for home buyers, there are still clearly way more buyers in the San Carlos market than there are homes to buy.  It will be very interesting to see how the market absorbs the new activity, and whether we can expect the surge to continue.

Here is a look at last week’s numbers:

The Numbers.

Below is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 9/10/2017:

San Carlos SFR Data 9/10/17 Prior Week
Closed Sales for the Week: 4 4
Average Sales Price: $1,911,750 $1,910,688
Median Sales Price: $1,656,000 $1,518,875
Average % Sold vs List Price: 113% 109%
Average DOM of Closed Sales 11 25
Average $/Sq Foot (Sold) $1,139 $796
No. of New Listings: 9 2
Total # of Active Listings: 12 9
Average Price of Active Listings: $2,236,565 $2,120,000
Average DOM of Active Listings: 11 25
Average $/Sq Foot (List) $934 $1,047
Total # of Homes Pending Sale: 19 18
Active-Pending Ratio: 0.63 : 1 0.50 : 1

The San Carlos Open House Page.

If you’re looking at open houses this weekend in San Carlos, check out the San Carlos Open House List. With one click on the Open House sign below, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.

San Carlos Open House List

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San Carlos Single-Family Residences Sold:

 

136 Devonshire Boulevard
136 Devonshire Boulevard

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Address Sold Price Orig. List Difference DOM (days)
136 Devonshire Boulevard $2,825,000 $2,795,000 +$30,000 (+1.1%) 18
1523 Elm Street $1,677,000 $1,398,000 +$279,000 (+20.0%) 7
2294 Carmelita Drive $1,635,000 $1,350,000 +$285,000 (+21.1%) 11
2024 Brittan Avenue $1,510,000 $1,395,000 +$115,000 (+8.2%) 9

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San Carlos Single-Family Homes Pending Sale:

The following single-family homes went into contract in San Carlos this past week. Click on the address of each home to see more details and photos:

Address DOM (days) List Price
15 Hartford Avenue 11 $1,648,000
6 Cypress Court 5 $1,749,000
8 Ensenada Road 19 $1,598,000
926 Laurel Street 80 $2,148,000

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New Single-Family Home Listings in San Carlos:

 

746 Orange Avenue
746 Orange Avenue

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos.

Address List Price BR/BA Sq Ft (home/lot) Listed By
2604 Graceland Avenue $3,750,000 5BR/3.5BA 4,131/19,160 John Shroyer, Today Sothebys
2139 Greenwood Avenue $2,998,000 4BR/4BA 2,334/9,380 Sam Anagnostou, Coldwell Banker
144 Chesham Avenue $1,998,000 4BR/2BA 2,330/7,270 Alan Canas, Sothebys International
1291 Crestview Drive $1,898,000 4BR/2.5BA 2,300/19,350 Que Foor, Alain Pinel Realtors
739 Orange Avenue $1,849,000 4BR/2BA 1,860/6,100 Kevin Pickett, Today Sothebys
746 Orange Avenue $1,798,888 3BR/2BA 2,000/11,928 Chuck Gillooley, Dwell Realtors
43 Willow Glen Way $1,698,000 3BR/2BA 1,900/10,900 Adam Levin, Marcus & Millichap
858 Orange Avenue $1,450,000 4BR/2BA 2,010/5,500 Cheryl Bower, Zephyr Real Estate
976 Holly Street $949,000 2BR/1BA 1,040/5,850 Haneen Hayder, Coldwell Banker

 

(Click the “Homes For Sale” sign below to see ALL of the homes currently for Sale in San Carlos.)

Homes for Sale in San Carlos

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Condos and Townhomes Sold in San Carlos

Below are the condos/townhouses that closed escrow this past week. Click on the address of each home to see more details and photos.

Address Sold Price Orig. List Difference DOM (days)
3348 La Mesa Drive #1 $890,000 $879,000 +$11,000 (+1.3%) 18

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Condo/Townhouse Pending Sale this Week.

The following condos/townhouses went into contract this week. Click on the address of each home to see more details and photos.

Address DOM (days) List Price
400 Portofino Drive #4 2 $949,999
655 Prospect Street 7 $998,000

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New Condo/Townhouse Listings in San Carlos:

The following condo/townhouses listed this past week. Click on the address of each home to see more details and photos.

Address List Price BR/BA Sq Feet Listed By
3347 Brittan Avenue #1 $879,000 2BR/2BA 1,040 Chris Yuen, Perisson

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.

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